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News
When things go bad, you want to be in China, says Gavekal's Louis-Vincent Gave
4+ day, 17+ hour ago (580+ words) The U.S., due to its business-friendly policies and the world’s deepest and most liquid capital markets, has long attracted global investors. But, amid geopolitical turmoil and concern about debt, investors may be increasingly turning to China. “When there’s a hit to…...
After 30 years in aerospace, these brothers retired from corporate life and work at Disney: 'I'm finished being married to my laptop and phone"
6+ day, 21+ hour ago (626+ words) Americans are retiring later and picking up part-time work to cushion their savings, pursue a long-lost passion, or simply fill the extra downtime. After sunsetting their decades-long careers in the aerospace industry, brothers Jerry and Peter Wong decided to add…...
These industries will lead hiring in the next decade, with just one sector accounting for more than a third of all new jobs
1+ week, 9+ hour ago (508+ words) The U.S. labor market is bracing for a decade of slower overall growth, but a handful of industries and occupations are set to expand at a breakneck pace, according to the Bureau of Labor Statistics. From 2025 to 2035, total employment will edge…...
The???September Surge??? isn???t quite a surge. But job seekers may still want to pay attention
1+ week, 22+ hour ago (798+ words) The old rule says you’re supposed to stop wearing white after Labor Day. For job seekers who spent the summer sending resumes into the void, there’s another piece of September lore worth paying attention to—the job market is supposed…...
Who runs the labor market? Women accounted for 98% of U.S. job gains in August
1+ week, 1+ day ago (431+ words) Who runs the world—or the U.S. labor market—in August? Girls. Women accounted for almost every job added to the U.S. economy in August, an extraordinary statistic within a jobs report full of surprises. The economy added 162,000 jobs…...
The official jobless rate is so low the Fed thinks the economy is at full employment. But a gauge of the 'functionally unemployed' keeps climbing
1+ week, 6+ day ago (589+ words) The Labor Department’s unemployment rate has been declining in recent months, reversing last year’s uptick, but an alternate measure tells a different story. In July, the official rate dipped to 4.1%, down from 4.2% in June and 4.5% in November. This coming Friday,…...
ChatGPT said you'd lose your jobs right now??? it's more like 3% of workers
2+ week, 21+ hour ago (831+ words) Do artificial intelligence tools such as ChatGPT eliminate jobs, create new ones, or both? There’s a lot of speculation regarding this question, but little solid data in the U.S. to answer it. I’m a sociologist who researches AI, among other…...
American Staffing Association chief economist: The future of work is temporary, and that changes everything about the labor market
2+ week, 6+ day ago (252+ words) When the July Jobs Report was released by the US Bureau of Labor Statistics, the headlines were understandably dominated by the drop in overall nonfarm payroll employment. Look beyond the headlines, however, and you’ll find an economic comeback story that…...
90% of executives say AI hasn???t boosted productivity. Some are still cutting jobs
3+ week, 16+ hour ago (873+ words) Business leaders and investors face a deepening paradox: Companies are pouring more money into artificial intelligence than ever, but they’re not seeing the gains in productivity that they expect. Even CEOs are starting to admit this disconnect. One Atlanta Federal…...